NZDJPY: daily candle analysis-13:50 (CET)

By IBT Staff Reporter On 11/27/09 AT 8:25 AM

The pair broke the support at 61.715 yesterday, that worked both in July and August. The next target is 57, but it could find a support at 60, as this is the area where it got, so far. To make this support work, the ideal would be the pair to break the level that is now a resistance, at 61.715. Yesterday's candle shows a great downwards strength, and it wouldn't be strange if it followed that path.